Unsecured Business Loans
What It Is:
An unsecured business loan allows you to borrow money without providing any assets or collateral as security. This type of loan is based on the financial health of your business and your creditworthiness.
Key Benefits:
- No need to tie up your assets.
- Fast application and approval process.
- Flexible loan amounts for various business needs.
Ideal For:
- Expanding your business operations.
- Hiring new staff or purchasing inventory.
- Covering short-term cash flow gaps.
Example:
A growing retail store wants to stock up on seasonal inventory but doesn’t have significant assets to use as collateral. With Link-In’s unsecured business loan, they can quickly access funds to prepare for the busy season without risking their property.
See if you are eligible for an Unsecured Business Loan.
Secured Business Loan
What It Is:
A secured business loan requires the borrower to provide assets (such as property, equipment, or other valuables) as collateral. This type of loan often comes with higher borrowing limits and lower interest rates.
Key Benefits:
- Access to larger loan amounts.
- Lower interest rates due to reduced risk for the lender.
- Longer repayment terms for manageable instalments.
Ideal For:
- Large-scale investments or expansion projects.
- Purchasing high-value equipment or real estate.
- Businesses with valuable assets looking to leverage them for growth.
Example:
A manufacturing company needs funding to purchase a new production line to meet increased demand. By securing a Blink-In secured business loan against their existing equipment, they can access the required funds with favourable terms.
See if you are eligible for an Secured Business Loan.
Merchant Cash Advance (MCA)
What It Is:
A merchant cash advance allows businesses to borrow against future card sales. Repayments are automatically taken as a percentage of daily card transactions, making it a flexible option for businesses with fluctuating revenues.
Key Benefits:
- Repayments align with your cash flow—higher on busy days, lower on slow days.
- No fixed repayment schedule.
- Ideal for businesses that rely on card sales, such as retail or hospitality.
Ideal For:
- Covering seasonal costs or emergencies.
- Renovating premises or launching marketing campaigns.
- Managing expenses during off-peak periods.
Example:
A café owner wants to renovate their space to attract more customers but prefers not to commit to fixed monthly repayments. With a Blink-In merchant cash advance, repayments adjust automatically based on daily card transactions, providing flexibility and peace of mind.
See if you are eligible for an Merchant Cash Advance.
Invoice Finance
What It Is:
Invoice finance allows businesses to unlock cash tied up in unpaid invoices. You receive a percentage of the invoice value upfront, and the remaining balance (minus a small fee) is paid once your clients settle their invoices.
Key Benefits:
- Immediate access to working capital.
- No waiting for customers to pay invoices.
- Helps smooth out cash flow inconsistencies.
Ideal For:
- Businesses with long payment terms.
- Covering operational expenses like payroll or inventory.
- Scaling up while managing outstanding invoices.
Example:
A digital marketing agency has several large invoices with 60-day payment terms. With Blink-In’s invoice finance, they can access 80% of the invoice value immediately, ensuring they have the funds needed to pay employees and invest in new campaigns.
See if you are eligible for an Invoice Finance.
FAQ
A business loan is a financial product designed to help UK businesses secure capital to grow, cover operating costs, or invest in new ventures. These loans typically offer fixed or variable interest rates and can be repaid over a set term, with amounts and repayment terms varying based on the lender and the needs of the business.
Absolutely! We offer selected facilities that have no early or late settlement fees.
When applying for a business loan in the UK, you may need to provide:
• Financial statements (profit and loss, balance sheet, cash flow).
• Business bank statements.
• Tax returns or HMRC filings.
• Proof of identity and business registration.